2024-05-21 Chilean Peso News
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2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall trend of the exchange rates
The exchange rate of CLP appears to remain predominantly stable over the time period shown in the data. The value seems to hover around 0.00152 to 0.00154 for the most part. There is a noticeable but slight increase midway, where the rate steadily rises from 0.00152 to 0.00154. This shift, however, is marginal and evolves over an extended period, implying a slow and minimal trend of growth. The exchange rate remains consistent before and after this climb, indicating a normal state of stability.
2. Seasonality or recurring patterns
Time series data often exhibit cyclical patterns known as seasonality, which refers to regular and predictable changes that recur every calendar year. Any predictable fluctuation or pattern that recurs or repeats over one-year is considered to be seasonality. However, in this dataset, it seems there are no significant or obvious seasonal or recurring patterns in the changes of the exchange rates within the time span given. It's worth noting that without more data or contextual information, it’s challenging to accurately identify longer-term seasonal trends.
3. Outliers in the data
Outliers or anomalies are data points that differ significantly from other observations. They can be caused by measurement or execution errors, or they may simply be a representation of variability in the data. In this dataset, there appear to be no significant outliers in the given exchange rates. All the data points fluctuate around the same nominal value, suggesting that the exchange rates stayed relatively stable throughout the period for which data is available.
Please note that for a more detailed and comprehensive analysis, further statistical methods and models may be required; this involves a basic analysis based purely on the provided dataset.
![CLP Exchange Rate Hits an Unyielding Stability in May 2024](http://currencymart.net/images/news/chilean-peso/2024-05-21/img-59tHUs2DH2lpuFfN0go1YOI9.webp)